Light S.A. (OTCMKTS:LGSXY – Get Free Report) saw a large decrease in short interest in August. As of August 14th, there was short interest totaling 54 shares, a decrease of 70.8% from the July 30th total of 185 shares. Based on an average daily trading volume, of 1,847 shares, the days-to-cover ratio is currently 0.0 days.
Light Stock Down 14.6%
LGSXY traded down $0.24 on Friday, hitting $1.40. The company had a trading volume of 7,036 shares, compared to its average volume of 19,353. The company’s fifty day moving average price is $0.95 and its 200 day moving average price is $0.85. Light has a 1 year low of $0.01 and a 1 year high of $4.00.
Light Company Profile
Light SA, trading over-the-counter as LGSXY, is a Brazil-based integrated electric utility primarily active in the state of Rio de Janeiro. The company holds long-term distribution concessions covering dozens of municipalities, supplying power to millions of residential, commercial and industrial customers. Headquartered in Rio de Janeiro city, Light maintains a network of high- and medium-voltage lines, substations and metering infrastructure to ensure reliable service across its concession area.
In addition to its core distribution business, Light develops and operates a portfolio of hydroelectric generation assets located in southeastern Brazil.
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